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said Thursday that Chairman Fred Amoroso has resigned his role leading the board and will not stand for re-election as a director at its June 25 shareholder meeting.

Amoroso, who led the group of independent directors who dove into the resume fudging of short-lived CEO Scott Thompson, took over from Roy Bostock last May. Two months later the board hired former executive Marissa Mayer to run the ship.

The ouster of Thompson, and the replacement of Bostock with Amoros, helped smooth things over between Yahoo and Daniel Loeb, the billionaire manager of hedge fund Third Point Capital, the company's second-largest shareholder behind co-founder David Filo. (Loeb also won three board seats, one for himself, as part of a deal to drop a pending proxy contest.)

In the release announcing his departure Thursday, Mayer expressed personal gratitude. "Fred's mentorship and perspective has proved truly valuable to me in my first few months here at Yahoo!."

Amoroso said he is proud of Yahoo!'s progress during his tenure -- shareholders should be too, the stock is up more than 60% over that span -- and that his decision is consistent with his initial intent to serve as chairman for just one year during a crucial transformation.

"With Marissa at the helm and the leadership team in place, this is a natural time for me to transition off the board," he said.

Board member Maynard Webb, a former executive at eBay and Gateway, will serve as interim chairman.